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Sharyland Utilities, L.P. is a Texas-based electric transmission utility that is fully regulated by the Public Utility Commission of Texas. Sharyland is committed to providing safe and reliable transmission services, ensuring operational excellence, and investing to support the infrastructure needs of the Electric Reliability Council of Texas grid. Sharyland Utilities is privately-owned by Hunter L. Hunt and other members of the family of Ray L. Hunt, and is managed by Hunter L. Hunt.

Highlights of Sharyland’s Project History

Railroad DC Tie

On time and on budget

Successful coordination with ERCOT and the Comisión Federal de Electricidad (CFE), the grid operators

Completed permitting processes with the U.S. Department of Energy (DOE) and Army Corp of Engineers

CREZ Transmission

Completed on time and under budget

Successfully engineered, tested and installed a new family of towers

Outstanding stakeholder engagement and coordination

Cap Rock Integration

There were no service interruptions as a result of the merger

Successful coordination with stakeholders

Implementation for SAP system providing a scalable system for future expansion

Move to ERCOT

Sharyland systematically moved 18 substations with more than 200 MW of connected load from SPP to ERCOT with minimal interruption of service

The information provided on these pages includes forward-looking
statements, which are subject to known and unknown risks and
uncertainties that could cause actual results to differ materially. We
refer you to the discussion of risk factors that could
affect future results and performance in our most recent prospectus and
other SEC filings. InfraREIT, Inc. assumes no obligation to update any
forward-looking statements made here as a result of new information or
future events or developments.

InfraREIT, Inc. makes no claims concerning the accuracy of the
information provided on these pages, and will not be held liable for any
use of this information. Note: Historical and current stock price
performance data is not necessarily indicative of
future performance.